The crypto landscape has witnessed significant activity, as reported by COINOTAG on May 31. According to DefiLlama, the Base cross-chain bridge experienced a robust net inflow of $47.92 million in
Bitcoin’s record-breaking rally to an all-time high of $112,000 on May 22nd has ushered in a wave of heightened investor expectations. The surge, catalyzed by a sudden bullish breakout following the White House’s decision to delay 50% tariffs on EU goods, has since been tempered by geopolitical uncertainty and clear signs of market overexuberance. Social Chatter on Bitcoin Santiment’s data shows a sharp uptick in crowd optimism precisely as Bitcoin peaked, which led to an immediate correction. This is a reminder that extreme greed often precedes market pullbacks. Positive sentiment across platforms like X, Reddit, and Telegram hit its highest point this year on May 22, only to be swiftly reversed when President Trump’s tariff threat caused market jitters. Although the federal court ruling on May 28 deemed the “Liberation Day” tariffs unconstitutional, offering temporary relief, Santiment warned that recurring tariff-related discussions are now a key driver of volatility. Mentions of “tariff” and “trade war” spiked on social media in the final days of May, mirroring patterns observed during the April correction. Despite the cooling, the crowd remains bullish. The most popular Bitcoin options call is now for $300K. This sentiment depicted rising long-term expectations despite near-term instability. Santiment’s report also explained the reliability of crowd sentiment as a counter-indicator, with extreme fear on May 25 coinciding with Bitcoin’s rebound to $106K. Meanwhile, blockchain fundamentals continue to show strength. Over 147,000 BTC have exited exchanges in 2025, which reduced immediate sell pressure and suggested continued confidence among holders. The Mean Dollar Invested Age (MDIA) has declined steadily since mid-April, indicating that older coins are being reactivated. Such a trend is typically a bullish signal associated with ongoing price expansions. Santiment noted that these shifts suggest the rally is driven not solely by speculative frenzy. BTC’s Path Ahead BTC whales continue to shape market tops. On the day of Bitcoin’s ATH, there were 18,782 transactions of over $100,000. Interestingly, this was the highest since Trump’s inauguration in January, suggesting significant profit-taking by institutional players. In fact, one whale held a 40x leveraged position now worth $1.2 billion. As such, the report warns that a liquidation event below $104,810 could trigger a cascade of long positions unwinding. As Bitcoin enters a new phase of price discovery, data shows that emotional extremes and external shocks continue to dictate short-term moves, even as exchange flows and coin age metrics point toward deeper bullish foundations. The road to $300K may be steep, but investor expectations, like Bitcoin’s price, have never been higher. The post Bitcoin’s Path to $300K Could Face Geopolitical Risks, While Emotional Trading Add Uncertainty appeared first on CryptoPotato .
Meta Platforms, the parent company of Facebook, has decisively voted against a proposal to diversify its treasury with Bitcoin. The decision underscores the ongoing hesitance among major tech companies regarding
The post Can Pakistan’s Bitcoin Mining Move Impact BTC Price? Experts Doubt It appeared first on Coinpedia Fintech News Story Highlights Pakistan plans to allocate 2,000 MW for Bitcoin mining and create a national Bitcoin reserve amid political and economic instability. IMF raises concerns over the project’s viability and energy use, questioning its feasibility amid Pakistan’s high energy costs and weak grid. This week Pakistan’s recent announcement to allocate 2,000 megawatts of electricity for Bitcoin mining was a remarkable move. Later this week they also said that Pakistan has plans to establish a government-led Bitcoin Strategic Reserve , this update joined amid ongoing political tensions, financial distress, and border issues. While a normal impression might be optimistic, compared with countries like El Salvador , but it’s not very optimistic. While this initiative signals a potential policy shift in the country, but its direct and immediate impact on the Bitcoin price is anticipated to be very minimal, largely due to a confluence of significant domestic challenges and international scrutiny. Adding to the challenges, the IMF has questioned Pakistan and raised red flags about the move. Keep reading to know more. Economic Viability and Infrastructure Concerns The ambitious mining plan of Pakistan faces tremendous economic viability issues, and power generation is less of an issue than its per kWh charges. The country has commercial electricity rates which are hovering somewhere around $0.20- $0.22/kWh, and are considerably higher than those in competitive mining hubs like Iran, Kuwait and other countries. Moreover, an electrical engineer based in Pakistan highlighted that even with a proposed subsidized tariff of $0.09/kWh, the cost remains barely competitive for large-scale operations compared to other countries in the global Bitcoin mining. The pricing was a major issue, but beyond pricing, the nation’s power infrastructure presents further obstacles. As Pakistan’s grid suffers from inconsistent service, distribution and transmission losses. These are major risks for energy-intensive mining facilities. IMF Scrutiny and Regulatory Roadblocks Adding to these internal challenges, the International Monetary Fund (IMF) has added red flags and asked several questions, as they said this announcement was done without IMF consultation. They voiced serious concerns regarding Pakistan’s plan like the rationale behind allocating such a substantial amount of electricity, especially given the country’s ongoing chronic energy shortages and declining countries fiscal conditions. Moreover, this external oversight clearly indicates the complexities involved in moving from a conceptual plan to a fully operational one. This creates an uncertain situation for Pakistan’s dreams related to Bitcoin crypto’s. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Pakistan Appoints Special Assistant for Blockchain and Crypto in PM’s Cabinet , Limited Short-to-Medium Term Impact on Bitcoin Price While the move was strategic or chaotic still remains a question. But, if in case it does establish a Bitcoin mining facility in Pakistan. It wouldn’t send the BTC price to hit mars or jupiter, from one financially weakend country’s action. Its effort could incrementally contribute to the network’s security and global demand for Bitcoin in the long run, but no major outcome seems likely in the future. Moreover, the current viability challenges and the critical intervention from the foreign organization clearly hints that its direct influence on global Bitcoin price will likely remain limited in the short to medium term, only if they successfully set up their plan in motion. However, the long-run outlook totally depends on the broader market forces, global adoption trends, and major regulatory developments. 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At current rates, mining one Bitcoin in Pakistan could cost up to $132,000 due to expensive electricity and poor grid infrastructure. What is the Pakistan Digital Asset Authority (PDAA)? The PDAA is a new agency to regulate crypto, DeFi, and tokenization, but it’s under scrutiny due to unclear legal frameworks. Could Pakistan become a crypto mining hub? Only with major reforms. Pakistan has potential but lacks the energy, infrastructure, and policy clarity needed for sustainable mining.
Paris Saint-Germain F.C. has confirmed its adoption of a Bitcoin treasury strategy, making it the first major football club to officially add BTC to its financial books. Speaking at the Bitcoin 2025 conference in Las Vegas, Pär Helgosson, head of PSG Labs, revealed that the club began accumulating Bitcoin in 2024 and still holds it as part of its reserves. This announcement arrives just as PSG prepares for the Champions League final, bringing both the sporting and financial spotlight onto the club. PSG also shared plans to support Bitcoin ventures and founders, signaling a deeper commitment beyond holding assets. PSG’s Bitcoin Strategy May Influence Sports and Crypto Alike Paris Saint-Germain isn’t new to experimenting with crypto—its fan tokens and Web3 initiatives go back years. But converting fiat reserves into Bitcoin and holding them long-term is an entirely different commitment. This isn’t a marketing gimmick or a temporary flirtation with blockchain. This is treasury allocation—something previously seen in corporate circles, now adopted by a leading sports brand. What’s striking is not just the move itself but the context around it. PSG’s fanbase is largely under 34, a demographic already entrenched in digital assets. The club’s decision to pivot towards Bitcoin reflects an understanding of its own audience and a belief that future value will be driven by crypto-native systems. JUST IN: European soccer giant Paris Saint Germain announces they adopted a #Bitcoin treasury reserve 🇫🇷 pic.twitter.com/nGeq7bUyBJ — Bitcoin Magazine (@BitcoinMagazine) May 29, 2025 Through PSG Labs, the club is not only holding BTC but actively seeking to invest in and accelerate crypto projects, startups, and builders. This approach could spark a new playbook for other top-tier clubs and sports leagues. If PSG’s venture into Bitcoin pays off—not just financially, but reputationally—it’s likely that others in the sports and entertainment space will follow. Crypto could evolve from niche sponsorships and collectibles into a structural pillar of how major teams manage wealth, foster innovation, and engage their fanbases. For the crypto ecosystem, this signals the return of a serious wave of institutional curiosity—one that could prove longer lasting than the last cycle. Best Crypto to Buy Now As Crypto Adoption Spikes Across Industries SUBBD PSG’s treasury announcement has a major cultural impact on the crypto space and among most sports enthusiasts. And if there’s any other space currently undergoing a cultural reset, it’s the creator economy. SUBBD enters this scene with a purpose that goes far deeper than tipping tools or platform gimmicks. It’s a decentralized infrastructure built to shift control back into the hands of creators, where the value generated by communities isn’t skimmed by middlemen but retained and grown collectively. SUBBD's native token acts as a currency within a fully integrated ecosystem, supporting creator tokens, community rewards, and governance participation. What elevates this from just another creator token is its commitment to long-term sustainability through a dual-burn and staking protocol, where both creators and fans can lock tokens to influence project direction and receive incentives. In a world where institutions like PSG are leveraging blockchain to connect directly with their audiences, SUBBD’s relevance only increases. Just as PSG is using Bitcoin to realign its financial model with its youthful fanbase, SUBBD is giving online creators a similar mechanism to build loyalty, reward participation, and remain self-sufficient without relying on third-party platforms. This fact was highlighted by top crypto content creator ClayBro in one of his dedicated videos about SUBBD and its potential. If tokenized loyalty is the future of audience engagement, then SUBBD is already building the roads. It doesn’t just fit into a world shifting toward crypto—it builds a necessary bridge between creative energy and economic value. BTC Bull The timing of PSG’s announcement is no coincidence, as it arrives at a moment when Bitcoin has moved from speculative asset to strategic reserve for both companies and now, apparently, elite football clubs. BTC Bull operates on this very principle: that Bitcoin’s importance is no longer theoretical. It’s a financial axis. BTC Bull is a meme-forward project, but beneath its tongue-in-cheek branding lies a calculated reward model. It ties token airdrops and supply burns directly to Bitcoin’s price milestones. The higher BTC climbs, the more it unlocks value for BTC Bull holders. This setup isn’t just fun—it’s incentive engineering based on the most proven crypto asset on the planet. There’s no staking here, no confusing DeFi mazes. BTC Bull thrives on simplicity and strategy. The project doesn’t just comment on Bitcoin’s trajectory—it’s structurally tied to it. With PSG now declaring that BTC is part of its own treasury, Bitcoin-based narratives are gaining cultural gravity. BTC Bull rides that gravity without needing to chase headlines—it lets the market’s natural movements steer its mechanics. What makes BTC Bull relevant now is precisely what made PSG’s move newsworthy. Both rely on Bitcoin not just for storage, but for signaling. As BTC inches toward mainstream institutional acceptance, projects like BTC Bull that embrace its rhythm, rather than mimic unrelated trends, could find their value rise not from hype—but alignment. Snorter As PSG leans into Bitcoin to remain relevant to a digitally fluent fanbase, it makes sense to highlight tools that mirror that efficiency and reach. Snorter is built around that same principle: get closer to users, eliminate friction, and prioritize speed. Snorter is a Solana-based Telegram trading bot that doesn’t just notify—it executes. It was created to solve a very real problem: the delay and fragmentation in how people discover and snipe new tokens. While most traders are stuck switching between listings, wallets, and charts, Snorter keeps everything in one flow inside Telegram, with lightning-fast execution and a clear interface. What makes Snorter particularly potent in this moment is its alignment with changing user behavior. The crypto community, especially the under-30 crowd—the same demographic PSG is actively targeting—is already platform-native. They prefer lightweight, immediate tools over bloated exchanges. Snorter understands that, and delivers. The platform also includes token screening features and curated alerts, making it more than a snipe tool—it’s a mobile-first trading companion. And in an age where legacy brands are integrating blockchain to keep pace with their digital audiences, tools like Snorter represent the infrastructure that makes that connection possible. It’s fast, context-aware, and tuned to the language of the next-gen trader. MIND of Pepe Paris Saint-Germain didn’t just move capital—it made a calculated attempt to connect with a younger, digitally native audience. That same instinct sits at the center of MIND of Pepe , a meme-driven project that’s more than just a nod to internet culture. It’s an AI-powered sentiment engine, constantly plugged into the social web to gauge mood, spot viral energy, and provide real-time market cues to its community. MIND of Pepe operates like a brain for traders in the meme coin space. Instead of relying on slow-moving analytics or gut instinct, the platform’s AI scans posts, discussions, and meme signals across social media to evaluate crowd psychology. It then translates those insights into data traders can act on—often before the market catches on. In a world where branding and timing can create more value than utility alone, MIND of Pepe serves as a toolkit for navigating volatility. It doesn’t just track what’s trending—it tries to understand why it’s trending. That matters in today’s crypto space, where signals move faster than price charts. Presale is over. 👁 $MIND can now be purchased at listing price until launch. https://t.co/YQZ9DDOMKJ pic.twitter.com/zZ9e3LMIH5 — MIND of Pepe (@MINDofPepe) May 31, 2025 At the time of writing, the project has completed its presale having raised upwards of $11.9 million, set to hit top exchanges very shortly, with several developmental updates also set to drop in the coming months. PSG’s embrace of innovation through Bitcoin and Web3 ventures validates the need for tools that bridge behavior and technology. MIND of Pepe is building that bridge in the meme coin sector, proving that data-driven intuition and humor aren’t mutually exclusive. If the next bull market is driven as much by narratives as by numbers, MIND of Pepe could become a must-have lens through which many interpret the madness. Solaxy The crypto space is increasingly bifurcated—Ethereum with its institutional adoption and Solana with its performance and accessibility. Solaxy sees this not as a divide to pick sides in, but a rift to bridge. As a Layer 2 solution, it enables fluid interaction between both chains, giving users the speed of Solana and the security of Ethereum without compromising on either. Solaxy doesn’t pitch itself as yet another scaling solution—it positions itself as infrastructure for a future where chains are interoperable and utility is chain-agnostic. On top of its technical foundation, the project also offers high-yield staking via SOLX, its native token, which supports users who want to contribute to network stability while earning passive income. PSG’s entry into Bitcoin investment territory is a reminder that performance and future-proofing go hand in hand. It’s not enough to adopt crypto—you need to make it usable, relevant, and fluid for your audience. Solaxy’s mission reflects that thinking. It doesn’t just offer access to blockchains—it simplifies that access, making it frictionless for developers and investors alike. As more institutions look for entry points into DeFi, and more users demand smooth multichain experiences, Solaxy could play a foundational role. It isn’t waiting for demand to arrive—it’s building the road in anticipation. Best Wallet Token PSG’s Bitcoin treasury isn’t a tech stunt, but rather it’s part of a larger realignment toward digital-first value management. That realignment doesn’t just need assets. It needs tools. Best Wallet Token’s product is one such tool—built not for hype, but for utility that adapts as users evolve. It’s a decentralized, non-custodial wallet that supports transactions across over 60 blockchains. But what separates it from the noise is the depth of its ecosystem. Within the wallet, users can stake, access market insights, browse presales early via the Upcoming Tokens feature, and even manage their entire portfolio—all from one interface. The BEST token serves as more than just a currency within the platform. It provides access to perks, reduced fees, and early access advantages. As crypto adoption spreads from corporations to sports clubs to everyday users, having an intuitive, comprehensive platform matters more than ever. Best Wallet isn’t a niche tool—it’s a hub for navigating crypto without hopping between 10 tabs. Just as PSG restructured its reserves to reflect what the future might look like, Best Wallet gives everyday users a similar recalibration opportunity. It’s not about chasing the next trend—it’s about equipping yourself for everything that comes after. Conclusion We’re no longer in the phase where crypto is just circling the edges of culture. When billion-dollar clubs start locking Bitcoin into their reserves, it’s a cue that the game is changing. The projects above aren’t clinging to old mechanics—they’re building for where things are going next. In times like these, the difference between noise and signal is utility; and these ones speak clearly. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
XRP long traders stunned as liquidation imbalance tops 181%
Michael Saylor delivered a 21-point roadmap for financial empowerment centered on bitcoin during his Bitcoin 2025 keynote address in Las Vegas, aimed not at institutions but at individuals and families worldwide. Bitcoin, AI, and Generational Capital: Saylor Breaks Down 21 Paths to Prosperity Speaking to a global audience in Las Vegas, the Strategy executive chairman
BitcoinWorld Bitcoin ETF Inflows Surge: What It Means for Crypto Bitcoin ETFs saw a big inflow, showing more trust from big players. Find out what this does for crypto trade—and why Bitcoin poker is now hot. The arrival of institutional funds is driving excitement in the world of Bitcoin. It’s amazing that more than $900 million ( 500x increase over the average daily inflow for 2025 so far) was traded in one day, compared to the low daily averages we had this year. This is not a temporary measure—it is clearly a notable indicator. Amidst economic, workforce, and political confusion, the crypto domain is doing very well. Bitcoin did achieve a new high (all-time high) of $112,000 before subsequently falling back to about $108,700—not much decline, but of no consequence in these markets. The technical indicators are overall reflecting a strong return of bullish momentum above $100,000 and the new ultra-high levels of institutional interest that have contributed to the excitement. Institutional Confidence Returns Many institutions have shown a lot more interest in Bitcoin ETFs, proving there is a strong, ongoing trust in this market. After the initial rally at the start of the year, analysts started to rely on ETF inflows to gauge new changes in people’s feelings toward the market. Because of the new injection of funds, Bitcoin’s market cap is now above $2.17 trillion. Currently, Bitcoin does much more than lead the crypto world—it is showing that it is a true competitor for value, like gold and other major assets. Price Volatility Remains The recent rally has had a few hiccups. Bitcoin dipped by 2.5% on the 23rd of May after the surprising announcement from President Donald Trump that he is proposing new tariffs on foreign imports (whether or not this is related is not known officially). His statement shook both the crypto markets and regular markets, but it was short-lived – the buyers entered the markets, and prices stabilized. Experienced crypto holders have seen volatility, but this is still shocking for later holders (particularly those entering via ETFs). 7-day BTC price chart by Coinbase Crypto Infiltrates Other Industries Bitcoin in traditional finance is altering the landscape for complementary industries. Gaming is the sector leading this change. The creation of online gaming focused on blockchain technology and decentralized gambling experiences is a disruption for the industry, especially crypto poker sites , allowing online users to play poker with the use of digital currencies like Bitcoin, Ethereum, and USDT. The advantages for users of these poker sites are apparent: provably fair algorithms, low transaction fees, a payout time of minutes instead of weeks, and user anonymity, an important component for those who are privacy-conscious. Where regular online casinos manage the online gambling market, we have seen crypto poker sites pop up, and the rules that oversee this online gambling vary significantly across countries. Being decentralized and having access to users’ crypto wallets allows these crypto poker platforms to let people play online poker without the usual banking limits, starting new trends in online gaming. The convergence of gaming and finance is indicative that Bitcoin and blockchain technologies are becoming more important. The convergence of DeFi with digital entertainment is clear that cryptocurrency is not limited to earlier adopters and an interested niche, it is becoming broadly accepted. Outlook for the Rest of 2025 Bitcoin continues to cause a stir, and the projections get bolder and bolder. Some analysts are now putting targets around $160,000 for Q4, contingent on regulations being leveled out and inflation continuing to be in check. But honestly, this hype still hinges on larger economic dynamics and the Federal Reserve’s next moves. Institutional exposure looks solid, however, it is not a guarantee for success. ETFs basically have become the measuring stick for Bitcoin’s acceptance in mainstream finance. Right now, their actions are being closely examined. There are already Ethereum ETFs, and interest in similar products for Solana and other main cryptos is rising, causing more institutions to enter the crypto world. Prices in Bitcoin and crypto markets are still bouncing around wildly. Even so, large investors are now acknowledging Bitcoin’s role as a true asset class. This development might influence the industry as the years progress. This post Bitcoin ETF Inflows Surge: What It Means for Crypto first appeared on BitcoinWorld and is written by Keshav Aggarwal
Analysts have made a bold projection stating that the Bitcoin price could surge from $111,000 to $185,000 by the end of Q3. This prediction follows the Bitcoin price breaking the $111,000 resistance as it continues to build momentum towards a new all-time high. With the Bitcoin price acting as the launchpad for renewed crypto market excitement, investors are shifting their attention to FloppyPepe (FPPE) , a surprisingly well-structured meme token that’s gaining momentum fast. Analysts Call $111,000 The Launchpad For A Bitcoin Price Explosion Toward $185,000 By Q3 Analysts have said the $111,000 mark could serve as the next major launchpad for the Bitcoin price upward trajectory. They believe this level may act as a consolidation zone before the Bitcoin price’s next explosive move. In addition, the founder of 10T Holdings has also issued a bold forecast , stating that the Bitcoin price could surge to a range of $180,000 to $185,000 by Q3 2025. The investor’s prediction further reinforces the idea that institutional capital remains confident in the Bitcoin price’s long-term upside, especially as crypto adoption continues to grow. FloppyPepe (FPPE) Combines Intelligence, Influence, and Explosive Potential FloppyPepe (FPPE) challenges the traditional meme coin narrative by merging internet culture with practical applications, AI advancements, and a vision focused on community-led development. With the token currently priced affordably at $0.00000035, the project is attracting attention from early investors seeking the next major breakout. This emerging presale holds significant potential for transforming investments into considerable profits thanks to its exceptionally low presale price. Investors are rapidly joining in, driven by fear of missing out on anticipated substantial returns. FloppyPepe (FPPE) Smashes Milestone With Over $2 Million Raised The FloppyPepe (FPPE) presale has recently surpassed a landmark of $2 million in revenues, reflecting strong confidence among investors. This token employs a tiered pricing method, distinguishing it from the standard pricing strategies commonly used by larger ICOs. Currently, the token is priced at just $0.00000035, offering a cheap entry point. Those who invested during the private round completely sold out within 24 hours, raising nearly $1 million and showcasing robust investor confidence in its growth prospects. Moreover, the project has undergone a smart contract audit by SolidProof. Limited-Time Offer: Get An 80% Bonus When Joining The Presale FloppyPepe (FPPE) is offering a limited-time bonus to new investors: an 80% bonus in tokens for participants who enter the presale using the code “ FLOPPY80 .” This allows investors to acquire a larger share of what could become one of the year's most vibrant new tokens. In an arena where many coins fluctuate with temporary excitement, FloppyPepe’s (FPPE) AI-fueled framework and expanding community may signify a much more sustainable and lucrative promise. The Memeverse: A Treasure Trove Of Memes, Videos, And Resources At the core of the FloppyPepe (FPPE) ecosystem is the Floppy AI, a distinctive AI utility that scours Twitter and cryptocurrency news outlets, compiling over a million real-time data points into actionable insights. The ecosystem also includes interactive AI applications such as Meme-o-Matic for meme creation and FloppyX for producing brief viral videos. The Floppy AI also transforms this information into enjoyable and engaging memes and tweets, offering bite-sized market intelligence that is both entertaining and educational. tors Eye Huge Returns As FloppyPepe (FPPE) Gears Up For A Crypto Surge Considering the existing presale price and a speculative post-launch valuation of $0.01, FloppyPepe (FPPE) can potentially deliver life-changing returns for its early investors. A modest investment of $100 could evolve into $5 million, contingent on market acceptance and listing performance aligning with forecasts. FloppyPepe (FPPE) has established a soft cap of $20 million and a hard cap of $45 million, which is ambitious yet achievable given the current appetite in today’s meme-influenced market. With the presale rapidly gaining traction, now is the moment for investors to secure their tokens. Take action today before it is too late. Join the FloppyPepe (FPPE) presale and community: Website | Whitepaper | Telegram | X (Twitter) Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The EU is calling out the White House after President Donald Trump said on Friday that he’s hiking steel and aluminum tariffs to 50%, up from the current 25%. According to Reuters, the European Commission responded just a day later, calling the decision reckless and warning that countermeasures are already in the works. Officials in Brussels said the new move will hurt both consumers and businesses on both continents. A European Commission spokesperson said the bloc “strongly regrets” the new tariff increase and made it clear they believe the decision makes everything worse. “This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” the spokesperson said in a written statement. They also added that the increase “undermines ongoing efforts to reach a negotiated solution.” Trump pushes tariffs higher, blames China again Trump made the announcement while speaking to a crowd in Pennsylvania, claiming that raising the steel tariff to 50% will help protect US producers. “This will even further secure the steel industry in the United States,” he said during the rally. The crowd cheered, but the global reaction was a different story. That wasn’t the only trade jab Trump threw out on Friday. He also went online and accused China of breaking their trade deal with the US, writing on Truth Social: “The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” Later that same day, speaking from the Oval Office, Trump said he might have a conversation with Xi Jinping, though he didn’t say when or why. When asked to explain what China had actually done wrong, US Trade Representative Jamieson Greer told CNBC that Chinese officials were “slow rolling their compliance.” That’s the closest anyone in the administration has come to spelling out the alleged violation. Just weeks ago, Washington and Beijing had agreed to scale back some of their high tariffs. Now, that agreement looks like it’s falling apart. Back in the US, the legal fight over tariffs is already heating up. The US Court of International Trade ruled that the way Trump’s tariffs were set up was “unlawful,” and tried to block them. But just a day later, the US Court of Appeals for the Federal Circuit stepped in and temporarily allowed the tariffs to continue while they review the legal filings. The appeals court gave the Trump administration until June 9 to submit its briefs. After that, the judges will decide what comes next. But that doesn’t mean things are settled. The White House has already said it’s ready to take the fight to the Supreme Court if it has to. And Trump isn’t backing down. On Friday, he said he’s confident he’ll “win” the case, even if it drags out. Inside the administration, officials are also hinting that even if courts block the tariffs, it won’t stop the president. His economic plan is still built around tariffs, and nothing in the legal system seems to be changing that direction. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now